Best Revenue Recognition Software for WePay

Stripe Revenue Recognition simplifies accrual accounting, so you can close your books quickly. To simplify compliance with IFRS 15, and ASC 606 revenue recognition standards, automate and configure revenue reports. Accounting for revenue can quickly become complicated and error-prone as your business grows. Stripe has a revenue recognition solution that automates accrual accounting for transactions and billing terms. Stripe Revenue Recognition handles complex situations, including upgrades, downgrades and prorations, refunds, disputes, and other scenarios. You can create audit-ready financial statements with accurate data and get a complete view of your business. You can view all Stripe transactions and terms automatically. You can also import non-Stripe data directly from the dashboard. You can generate ready-to-use accounting reports. There is no need to invest in engineering resources.